Bank of Moscow
The Bank of Moscow (Russian: Банк Москвы) was a Russian bank that provided banking services to both corporate and retail customers until May 2016. Headquartered in Moscow, the bank had 267 outlets, including branch offices and cash desks. BoM had over 114,000 corporate and 9 million retail customers. In 2011, it was the fifth largest bank in Russia. As of 1 July 2016, it had 6.3 million banking cards in its portfolio. Its central office was located in the building of the Moscow International Bank in Moscow, on the corner of Kuznetsky Most and Rozhdestvenka streets.
Native name | Банк Москвы |
|---|---|
Traded as | MSKB@RU |
| Industry | Finance |
| Founded | 1995 (as Moscow Municipal Bank - Bank of Moscow); 2016 (as VTB Bank) |
| Defunct | 10 May 2016 |
| Fate | Merged with VTB Bank |
| Successor | VTB Bank |
| Headquarters | Moscow , Russia |
Number of locations | 42 branches in Moscow and Moscow region and 43 branches in major cities of Russia |
Area served | Russia |
Key people | Andrei Kostin (Chairman) |
| Services | Banking |
| AUM | RUB 669 bln |
| Total assets | RUB 958 bln |
| Total equity | 121,6 billion rubles. (2009, IFRS ) |
Number of employees | 10504 (30 September 2009) |
| Website | www |
On 10 May 2016 its merger into VTB Bank was finalized.
In 2011, following a hostile takeover by VTB Bank, US$9 billion VTB claimed they had found several fraudulent loans, and the bank received an unprecedented US$14 billion bailout. Though Russia issued an international arrest warrant for Andrey Borodin for his suspected role in the accused fraud, he was granted political asylum in the UK in February 2013.